Bowman, the governor of the Federal Reserve, said it was time to take decisive action to cut interest rates. Be more confident that tariffs will have a smaller impact on inflation. If the job market continues to deteriorate, faster rate cuts will be needed. If demand conditions do not improve, companies may start laying off workers.
The labor market could deteriorate rapidly in the coming months. Support a 25 basis point rate cut, but more importantly, the Federal Reserve is now actively supporting the job market. The impact of tariffs on inflation will fade away, which is currently close to target. If the economy develops as expected, last week's rate cut is expected to be the first step towards a more neutral rate.
Bowman: It's time to take decisive action to cut interest rates
2025-09-23 13:09:01
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